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Grange Moor Hotel 4-8 St. Michaels Rd 50 Room Hotel Maidstone ME16 8BS £1,850,000 (£37,000/Room)
Investment Highlights
- Recently closed hotel.
- Second function room for up to 40.
- Good size lounge bar and dining room.
- Generous on site parking.
- Main function room for up to 200.
- 38 En-Suite bedrooms.
- Enclosed garden to rear.
Executive Summary
The Grange Moor comprises of a 38 ensuite bedroom hotel located less than a mile away from the heart of Maidstone, the County Town of Kent, making it popular with tourists and business people alike. Formally a number of individual older style buildings combined to see the hotel as it is seen now. The property has red brick elevations under a predominantly plain clay tiled roof, keeping much of its original character. Externally there is an enclosed garden, ideal for use for weddings, or for guests to enjoy in the warmer months. The garden also has a children's play area. The main car park is to the rear of the hotel, with further parking available to the front, along with a further seating area for guests. The hotel has recently been closed, so lending itself a blank canvas for a new owner. Possible alternative use, Subject to planning consent being obtained. Please note the photos shown are from before the hotel had been cleared of its contents.
Property Facts
| Price | £1,850,000 | Total Plot Size | 0.73 ac |
| Price Per Room | £37,000 | Property Size | 20,312 sq ft |
| Sale Type | Investment | No. Rooms | 50 |
| Tenure | Freehold/Long Leasehold | No. Floors | 3 |
| Property Type | Hospitality | Year Built | 1900 |
| Property Subtype | Hotel | Parking Allocation | 3.19/1,000 sq ft |
| Costar Property Class | C |
| Price | £1,850,000 |
| Price Per Room | £37,000 |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | C |
| Total Plot Size | 0.73 ac |
| Property Size | 20,312 sq ft |
| No. Rooms | 50 |
| No. Floors | 3 |
| Year Built | 1900 |
| Parking Allocation | 3.19/1,000 sq ft |
Amenities
- Restaurant
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | sq ft |
|---|---|---|---|
| Guest Room | 50 | £46.00 | - |
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Grange Moor Hotel | 4-8 St. Michaels Rd
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